LST TECHNICS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LST TECHNICS
Largest movements
- Tangible fixed assets -€8,315
down €8,315 (-18.1%), from €46,055 to €37,740
of which Plant, machinery and equipment: -€4,510
- Cash +€1,223
up €1,223 (+8.5%), from €14,348 to €15,571
mainly Net result for the year (+€13,463) and Depreciation (+€9,061)
- Receivables within one year +€1,063
up €1,063 (+80.5%), from €1,321 to €2,384
of which Trade receivables: +€1,594
- Other debts -€22,332
down €22,332 (-46.3%), from €48,259 to €25,927
- Reserves +€13,463
up €13,463 (+111.4%), from €12,088 to €25,551
- Trade debts +€2,622
up €2,622 (+124.4%), from €2,108 to €4,730
- Gross operating margin +€3,967
up €3,967 (+17.3%), from €22,994 to €26,961
- Taxes +€3,680
new in 2025: €3,680
- Other operating charges -€547
down €547 (-43.3%), from €1,264 to €717
- Depreciation -€534
down €534 (-5.6%), from €9,595 to €9,061
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,655 | €57,408 | -€6,247 | -9.8% |
| Fixed assets | 21/28 | €46,055 | €37,740 | -€8,315 | -18.1% |
| Tangible fixed assets | 22/27 | €46,055 | €37,740 | -€8,315 | -18.1% |
| Plant, machinery and equipment | 23 | €31,698 | €27,188 | -€4,510 | -14.2% |
| Furniture and vehicles | 24 | €14,357 | €10,552 | -€3,805 | -26.5% |
| Current assets | 29/58 | €17,600 | €19,668 | +€2,068 | +11.8% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,321 | €2,384 | +€1,063 | +80.5% |
| Trade receivables | 40 | €790 | €2,384 | +€1,594 | +201.8% |
| Other amounts receivable | 41 | €531 | - | -€531 | |
| Cash at bank and in hand | 54/58 | €14,348 | €15,571 | +€1,223 | +8.5% |
| Deferred charges and accrued income | 490/1 | €1,431 | €1,213 | -€218 | -15.2% |
| Total equity and liabilities | 10/49 | €63,655 | €57,408 | -€6,247 | -9.8% |
| Equity | 10/15 | €13,288 | €26,751 | +€13,463 | +101.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €12,088 | €25,551 | +€13,463 | +111.4% |
| Distributable reserves | 133 | €12,088 | €25,551 | +€13,463 | +111.4% |
| Amounts payable | 17/49 | €50,367 | €30,657 | -€19,710 | -39.1% |
| Amounts payable within one year | 42/48 | €50,367 | €30,657 | -€19,710 | -39.1% |
| Trade debts | 44 | €2,108 | €4,730 | +€2,622 | +124.4% |
| Suppliers | 440/4 | €2,108 | €4,730 | +€2,622 | +124.4% |
| Other amounts payable | 47/48 | €48,259 | €25,927 | -€22,332 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,595 | €9,061 | -€534 | -5.6% |
| Other operating charges | 640/8 | €1,264 | €717 | -€547 | -43.3% |
| Gross operating margin | 9900 | €22,994 | €26,961 | +€3,967 | +17.3% |
| Operating profit (loss) | 9901 | €12,135 | €17,183 | +€5,048 | +41.6% |
| Financial charges | 65/66B | €47 | €40 | -€7 | -14.9% |
| Recurring financial charges | 65 | €47 | €40 | -€7 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €12,088 | €17,143 | +€5,055 | +41.8% |
| Income taxes | 67/77 | - | €3,680 | +€3,680 | |
| Profit (loss) for the period | 9904 | €12,088 | €13,463 | +€1,375 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,088 | €13,463 | +€1,375 | +11.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.